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If merchandise inventory at the end of period 1 is overstated and at the end of period 2 is correct : a) stock holders equity
If merchandise inventory at the end of period 1 is overstated and at the end of period 2 is correct : a) stock holders equity (retained earnings ) at the end of period 2 will be understated b) assets at the end of period 2 will be overstated c) cost of merchandise sold in period 2 will be understated d) gross profit in period 2 will be understated
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